Wrightway Appraisal Service is ready for your FHA loans

Wrightway Appraisal Service is MI state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Wrightway Appraisal Service is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower doesn't pay their loan. Accessible to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a financial transaction benefit the most from FHA loan programs.